vs
Cheniere Energy Partners, L.P.（CQP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
Cheniere Energy Partners, L.P.的季度营收约是RXO, Inc.的2.0倍（$2.9B vs $1.5B），Cheniere Energy Partners, L.P.净利率更高（44.2% vs -3.1%，领先47.4%），Cheniere Energy Partners, L.P.同比增速更快（18.3% vs -11.9%），Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 12.6%）
本公司为油气领域经营主体，营收数据以十亿美元为统计单位，通常由企业自行披露，同时也会由中立可靠的权威媒体公开报道。受汇率波动、合同结算、年中产品或服务调整等因素影响，已发布数据后续可能进行修订或重述。除特殊说明外，财年区间为每年1月1日至12月31日。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
CQP vs RXO — 直观对比
营收规模更大
CQP
是对方的2.0倍
$1.5B
营收增速更快
CQP
高出30.2%
-11.9%
净利率更高
CQP
高出47.4%
-3.1%
自由现金流更多
CQP
多$873.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.5B |
| 净利润 | $1.3B | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 50.5% | -2.9% |
| 净利率 | 44.2% | -3.1% |
| 营收同比 | 18.3% | -11.9% |
| 净利润同比 | 106.6% | -84.0% |
| 每股收益（稀释后） | — | $-0.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CQPRXO
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
净利润CQPRXO
| Q4 25 | $1.3B | $-46.0M | ||
| Q3 25 | $506.0M | $-14.0M | ||
| Q2 25 | $553.0M | $-9.0M | ||
| Q1 25 | $641.0M | $-31.0M | ||
| Q4 24 | $623.0M | $-25.0M | ||
| Q3 24 | $635.0M | $-243.0M | ||
| Q2 24 | $570.0M | $-7.0M | ||
| Q1 24 | $682.0M | $-15.0M |
营业利润率CQPRXO
| Q4 25 | 50.5% | -2.9% | ||
| Q3 25 | 29.0% | -0.5% | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 27.6% | -2.1% | ||
| Q4 24 | 33.0% | -1.4% | ||
| Q3 24 | 40.2% | -1.9% | ||
| Q2 24 | 40.4% | — | ||
| Q1 24 | 38.1% | -1.3% |
净利率CQPRXO
| Q4 25 | 44.2% | -3.1% | ||
| Q3 25 | 21.0% | -1.0% | ||
| Q2 25 | 22.5% | -0.6% | ||
| Q1 25 | 21.4% | -2.2% | ||
| Q4 24 | 25.3% | -1.5% | ||
| Q3 24 | 30.9% | -23.4% | ||
| Q2 24 | 30.1% | -0.8% | ||
| Q1 24 | 29.7% | -1.6% |
每股收益（稀释后）CQPRXO
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.13 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $182.0M | $17.0M |
| 总债务越低越好 | $14.2B | $387.0M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $17.4B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CQPRXO
| Q4 25 | $182.0M | $17.0M | ||
| Q3 25 | $121.0M | $25.0M | ||
| Q2 25 | $108.0M | $18.0M | ||
| Q1 25 | $94.0M | $16.0M | ||
| Q4 24 | $270.0M | $35.0M | ||
| Q3 24 | $331.0M | $55.0M | ||
| Q2 24 | $351.0M | $7.0M | ||
| Q1 24 | $333.0M | $7.0M |
总债务CQPRXO
| Q4 25 | $14.2B | $387.0M | ||
| Q3 25 | $14.2B | $387.0M | ||
| Q2 25 | $14.2B | $387.0M | ||
| Q1 25 | $14.7B | $387.0M | ||
| Q4 24 | $14.8B | $351.0M | ||
| Q3 24 | $14.8B | $352.0M | ||
| Q2 24 | $14.8B | $370.0M | ||
| Q1 24 | $13.6B | $351.0M |
股东权益CQPRXO
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | — | $582.0M |
总资产CQPRXO
| Q4 25 | $17.4B | $3.3B | ||
| Q3 25 | $16.8B | $3.2B | ||
| Q2 25 | $16.9B | $3.2B | ||
| Q1 25 | $17.1B | $3.3B | ||
| Q4 24 | $17.5B | $3.4B | ||
| Q3 24 | $17.4B | $3.4B | ||
| Q2 24 | $17.5B | $1.8B | ||
| Q1 24 | $17.5B | $1.8B |
负债/权益比CQPRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $887.0M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $864.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 29.7% | -0.6% |
| 资本支出强度资本支出/营收 | 0.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.69× | — |
| 过去12个月自由现金流最近4个季度 | $2.6B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流CQPRXO
| Q4 25 | $887.0M | $7.0M | ||
| Q3 25 | $658.0M | $23.0M | ||
| Q2 25 | $558.0M | $23.0M | ||
| Q1 25 | $665.0M | $-2.0M | ||
| Q4 24 | $876.0M | $-7.0M | ||
| Q3 24 | $691.0M | $-7.0M | ||
| Q2 24 | $732.0M | $-5.0M | ||
| Q1 24 | $669.0M | $7.0M |
自由现金流CQPRXO
| Q4 25 | $864.0M | $-9.0M | ||
| Q3 25 | $610.0M | $9.0M | ||
| Q2 25 | $490.0M | $9.0M | ||
| Q1 25 | $605.0M | $-17.0M | ||
| Q4 24 | $827.0M | $-19.0M | ||
| Q3 24 | $652.0M | $-18.0M | ||
| Q2 24 | $702.0M | $-16.0M | ||
| Q1 24 | $633.0M | $-4.0M |
自由现金流率CQPRXO
| Q4 25 | 29.7% | -0.6% | ||
| Q3 25 | 25.4% | 0.6% | ||
| Q2 25 | 20.0% | 0.6% | ||
| Q1 25 | 20.2% | -1.2% | ||
| Q4 24 | 33.6% | -1.1% | ||
| Q3 24 | 31.7% | -1.7% | ||
| Q2 24 | 37.1% | -1.7% | ||
| Q1 24 | 27.6% | -0.4% |
资本支出强度CQPRXO
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 2.0% | 0.7% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 1.6% | 1.2% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率CQPRXO
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
